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EUR/USD: Upside potential remains – UOB Group

The UOB Group report by Quek Ser Leang and Lee Sue Ann suggests that the Euro is poised for further gains against the US Dollar, with a potential retest of 1.2080. As long as the Euro holds above 1.1950, the outlook remains positive, although a pullback is expected after reaching higher levels. The report emphasizes the strong upward momentum in the Euro's price action.

Positive outlook for Euro

"As long as EUR holds above 1.1950, it could retest 1.2080 before a pullback can be expected."

"Sharp spike higher is likely to fuel further EUR strength, potentially to 1.2150."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

EUR/JPY Price Forecast: Loses ground below 183.00 on BoJ rate hike signals, softening RSI momentum

The EUR/JPY cross loses ground to near 182.90 during the early European session on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid hawkish Bank of Japan (BoJ) December meeting minutes, which showed that members agreed on the need to continue raising interest rates. 
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Forex Today: All eyes on Fed, BoC rate decisions, Gold rises beyond $5,200

Here is what you need to know on Wednesday, January 28:
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